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RCM ON RENT to URD (below threshold limit)

RCM 446 views 7 replies
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25 Points Posted on 27 July 2017
Hi,
Rent paid by a RD (Registered dealer) to a URD (Unregistered dealer) who is below the threshold limit and that is the reason he chooses to be URD. In such a senareio, does RCM apply.
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On 27 July 2017 at 19:09 Report
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Manager-Accounts & GST Consultant
5124 Points Posted on 27 July 2017
Yes RCM will be applicable
34 Reply
On 27 July 2017 at 19:15
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25 Points Posted on 28 July 2017
Okay! Apparently it means there is no threshold for rent received.
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On 28 July 2017 at 11:44
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Manager-Accounts & GST Consultant
5124 Points Posted on 28 July 2017

When paid to URD, the only limit is of 5000/-...

34 Reply
On 28 July 2017 at 12:01
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25 Points Posted on 28 July 2017
Implications, if rent is paid 3 times in a month (11th, 21st, 31st) that is division of month's rent to make sure each payment is below 5k. How likely the department will accept it if split payments are documented and actually paid 3 times in a month.
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On 28 July 2017 at 12:44
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25 Points Posted on 28 July 2017
Implications, if rent is paid 3 times in a month (11th, 21st, 31st) that is division of month's rent to make sure each payment is below 5k. How likely the department will accept it if split payments are documented and actually paid 3 times in a month.
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On 28 July 2017 at 12:44
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Manager-Accounts & GST Consultant
5124 Points Posted on 28 July 2017

This is illogical..No comments......

34 Reply
On 28 July 2017 at 12:49
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Chartered Accountant
1085 Points Posted on 28 July 2017

yes RCM will be applicable if total payment exceeds rs 5000 a day. Later you can avail ITC

7 Reply
On 28 July 2017 at 14:37


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